Rhyme

In the current dynamic market scenario, it can be stressful to manage trade receivables, undertake credit risks and meet ever-increasing service demands from the market.

In such demanding times, it is essential for astute business heads to have every advantage possible, thus giving them the edge to differentiate, grow and thrive. KASTLE Factoring (formerly TANGIBLE) enables factoring institutions to help clients enhance their liquidity by unlocking the potential in open account trade receivables.

The solution focuses on critical business issues including; flexible product offerings, effective risk management, increased business volumes, rapid transaction turnaround and straight-through processing. The advanced Web-based architecture helps factoring organizations collaborate with clients and partners in an extended enterprise model for overall process efficiency and effective resource utilization.

The comprehensive, modular end-to-end application provides a complete solution for your entire range of business process requirements. The multi-entity, multi-currency and multi-language facilities makes the product a truly international solution. KASTLE Factoring facilitates setting up of client accounts, upload and validation of invoices, calculation of availability, fees and charges, taxes and duties, disbursement of funds, receipt of cash and allocation against invoices, accrual of interest, generation of accounting entries and extensive management reporting.

Powerful risk management is facilitated throughout the business process by effective limits management, access controls, maker-checker methodology and compliance of business terms & conditions. The highly parameterized and flexible application with user definable business rules helps roll out newer product and service variants in line with business requirements.